Why choose the GIPS Foundation to build your legacy?
Personalized Working with the GIPS Foundation allows you the opportunity to choose the type of student to invest in, with interests and aspirations that match your legacy.
Easy The GIPS Foundation makes starting a scholarship a simple process. Whether you are investing a few hundred dollars or a few million, the professional staff do the work, allowing you to enjoy the reward of creating opportunities for students.
Enriched donor experience The GIPS Foundation offers an experience for donors like no other. You are given the chance to meet your scholarship winners, learn about their plans and be part of their journey.
Safe and secure The GIPS Foundation's four-decade tradition of excellence offers peace of mind. You are investing in a trusted, reliable organization.
Recognized The GIPS Foundation is a nationally recognized charitable organization, setting the standard for others to follow. Our four-star foundation received the highest rating a charity can receive.
Building a Legacy Scholarship Fund
How do I set up a scholarship fund?
The Foundation has an easy, uncomplicated and personal process. We will sit down and ask questions about how you, your family, your business or group want to build a legacy for a student’s future.
We will assure you that your scholarship or legacy fund reflects you, the person you’re honoring or your company.
Together we will build the guidelines that drive the student, best fit, for your scholarship or legacy fund.
Finally we want to build the mechanics of the fund. Together we will decide if your fund provides a scholarship every year, or forever. We will also assist you in deciding the amount of your scholarship.
If you would like to make an endowed fund that generates a scholarship every year, we will provide you with an investment strategy:
Endowed Funds: The GIPS Foundation generally allocates 4% of the endowed fund value to the annual scholarship award. So, if it is the donor’s desire to create a scholarship that pays $1,000 each year, forever, the endowed fund value will need to be $25,000. A $500 scholarship would require a value of $12,500 for the fund.
Not all at once: Donors may start a fund and let it grow over time. The Foundation will invest the fund, beginning at any level, and let it grow to the desired endowment level.Donors can add to their funds over time as well. Remember, all gifts to the GIPS Foundation are tax-deductible.
Pass-through Scholarship: The other option that the GIPS Foundation offers is called a pass-through scholarship. This is a fund that the donor gives each year for their scholarship award. The Foundation processes this award and passes it on to the college or university on behalf of the winning student. There is a nominal fee of $50 per scholarship for this service.
At the GIPS Foundation we take pride in the quality of service we provide to donors who want to share their values with future generations through a scholarship fund. We make the process uncomplicated so that YOU can enjoy the satisfaction of investing in students.
Want to build a scholarship fund? Have additional questions?
For more information or to get started with your own legacy scholarship fund complete the form below, or call/email Kari Hooker-Leep at 308-385-5900 ext. 201170; firstname.lastname@example.org